Deerwood Bank Business Solutions

Cash Management

Deerwood Bank offers the professional commercial services you expect from a "big" bank, while maintaining the convenience and service that only a local bank can provide. These are just a few of the services that can make a difference for your business:

OTHER SERVICES:

Tax Depository

Bank-By-Mail

Coin And Currency Service

Notary Service

After Hours Depository

Safe Deposit Boxes

Business Credit Cards

24-hour Telephone Banking

BUSINESS ADVANTAGE CHECKING ACCOUNT

It's FREE! No minimum balance, no monthly fees, no costly analysis charges or per-item fees. Includes free CHECK IMAGING as a part of your monthly statement.

ACH ORIGINATION

Through use of the Automated ClearingHouse (ACH) network, Deerwood Bank can assist you in making electronic funds transfers to and from various vendors and creditors associated with your business. Reduce paper handling, save accounting time, reduce errors, and lower the risk of fraud. You will have faster access to your account information, allowing better management of funds.

CASH CONCENTRATION

If your business has multiple locations, our Cash Concentration service gives you the ability to collect your funds rapidly and reduce the clerical costs associated with funds gathering.

LOCK BOX SERVICE

Our Lock Box Service allows your accounts receivable payments to be sent directly to a post office box. We will record and deposit your receivables on the same day we receive them, reducing your workload and ensuring your deposited items are cleared as quickly as possible.

PAYROLL DIRECT DEPOSIT

Deerwood Bank gives you the ability to quickly and efficiently transfer funds directly into your employees' checking accounts, no matter where they bank. This service provides significant time and cost savings to you and reduces the risk of lost, stolen, or forged checks.

WIRE TRANSFERS

A fast, efficient way to transfer funds from one bank to another. Transfers can be done at regular intervals or on a one-time basis.

REMOTE DEPOSIT

Instead of tying up company time and resources to physically deliver paper checks to Deerwood Bank, you can now scan, verify, and deposit checks with the click of your mouse!